Inc. (CARS) Announces Transition of Chief Financial Officer; Appoints Jandy Tomy Acting Chief Financial Officer

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Inc. (NYSE: CARS) (“CARS” or the “Company”), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced the resignation of Sonia Jain, Chief Financial Officer, effective April 15, 2022. Jain leaving the company to pursue a new opportunity with a pre-IPO company, backed by venture capital.

“On behalf of the CARS team, I would like to thank Sonia for her contribution to the company and wish her well in her new endeavor. She leaves behind a strong finance organization and a wide range of talented finance executives,” said Alex Vetter, CEO of CARS.

The Company has appointed Jandy Tomy, Vice President and Treasurer, as Interim Chief Financial Officer. Tomy has been with CARS since March 2017 and has over 20 years of public company experience in various finance and accounting roles. She previously held the position of Chief Financial Officer of CARS from January 2020 to June 2020. A nationally recognized recruitment firm has been retained to fill the permanent position of Chief Financial Officer.

“I look forward to working with Jandy again in her role as Chief Financial Officer and leveraging her many years of financial leadership of CARS as the company’s strategy continues to drive sustainable growth,” continued Vetter. “The Board and I are fortunate that Jandy can step in and transparently lead our talented finance team in the search for a permanent CFO.”

CARS reaffirms the outlook for the first quarter and full year 2022 previously communicated on February 24, 2022. Additionally, for the first quarter of 2022, the company reports year-over-year growth and a sequential quarterly growth in dealership customers.

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